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Tuesday, July 24, 2012
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Ponzi Scheme Begins to Unravel

On this day in 1920, the Boston Post ran a story that ultimately exposed one of the biggest financial swindles in history. In a series of articles that won the paper its first Pulitzer Prize, the Post questioned the financial practices of Charles Ponzi. An Italian immigrant with dreams of greatness, Ponzi created a near frenzy...
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